Suppose you own 5,000 common shares of Laurence Incorporated. The EPS is $9.00, the DPS is $5.00, and the stock sells for $100 per share. Laurence announces a 2-for-1 split.

1. Immediately after the split, how many shares will you have? Round your answer to the nearest whole number.

shares

2. What will the adjusted EPS and DPS be? Round your answers to the nearest cent.

EPS: $

DPS: $

3. What would you expect the stock price to be? Round your answer to the nearest cent.

$